Origination

Views on mortgage rates and job security outweigh the pessimism about affordability and the economy, Fannie Mae found.

Markdowns on its MSR portfolios drove the company into the red, even as originations and servicing operations both saw profits.

While refinances shot up, purchase lending saw a second weekly pullback according to the Mortgage Bankers Association.

Former Flagstar CEO Alessandro DiNello, who had been New York Community's nonexecutive chairman, was named executive chairman after the Long Island bank's stock price fell by more than 59% in a week. New York Community also issued updates on both its deposit situation and its search for a new chief risk officer.

A look at Home Mortgage Disclosure Act data of similarly situated conforming applicants also finds some lenders' own comments for the rejection doesn't match up with the reason given, the Federal Reserve Bank of Minneapolis said.

The majority of users are looking for new credit lines and others want to improve their scores. Credit monitoring by consumers may be a good indicator of both, Transunion found.

Americans' decades-long love affair with the U.S. West appears to be souring as high housing costs in San Francisco, Los Angeles and Seattle encourage migration to the South, a new analysis shows.

The Independent Community Bankers of America, American Bankers Association and other groups filed a lawsuit arguing that recent reforms to implementing regulations for the Community Reinvestment Act exceed statutory authority.

There will still be local oversight. Incentives to maintain registered offices will include listing in an online lender search tool and access to certain data.

Fannie Mae also will be making a four-figure adjustment available next month and Freddie Mac is contemplating expanding its program to a new income tier.